Nicholas Shakan
Seekonk
Summary
Portfolio Manager at Bank of America Private Bank, adept in portfolio management and strategic financial planning. Proven track record in delivering tailored wealth management solutions, enhancing client relationships, and achieving long-term financial goals. Expertise in risk assessment and tax planning, ensuring compliance with fiduciary standards while driving exceptional service.
Overview
17
17
years of professional experience
1
1
Certification
Work History
Vice President, Portfolio Manager
Bank of America Private Bank
Providence
10.2016 - Current
- Actively manage a $300 million client book of business, comprised of trust, retirement, and investment management accounts.
- Provide comprehensive financial planning and investment management solutions to high-net-worth individuals and families.
- Demonstrated expertise in developing and implementing tailored wealth management strategies, including investment analysis, portfolio management, risk assessment, retirement planning, and tax-efficient investing.
- Successfully cultivated and maintained strong client relationships, acting as a trusted advisor to ensure clients achieve their long-term financial goals.
- Committed to delivering exceptional service and innovative solutions while adhering to the highest fiduciary standards.
Portfolio Oversight Associate
U.S. Trust
Providence
08.2015 - 10.2016
- Work closely with other investment professionals in the review and monitoring of UST and UST-MLT accounts and strategies for alignment with fiduciary standards, investment policy statements and other portfolio requirements.
- Assists the Portfolio Oversight Manager in performing the investment oversight tasks related to an assigned book of accounts, inclusive of Investor Policy Statements, Reg 9, AAM and continuous monitoring.
- Performs initial review of exception items and works with internal partners to clear items where possible. In cases where an exception will persist, I help to develop an initial action plan for the Portfolio Oversight Managers review and take additional steps as directed by the manager.
- Aid in the identification of portfolio/strategy issues, research the issue, and work with relevant investment associates to document findings, progress and status. Working with POMs to understand open REG 9 exceptions and submitting action plans for false positive REG 9 exceptions.
- Work with Portfolio Managers/FAs to take corrective action as necessary, coordinate with risk oversight to provide details and seek approval for any exceptions.
- Working with the Portfolio Oversight Managers in the creation, mailing and follow-up of our Investor Policy Statements.
Performance Analyst
Columbia Management
Greater Boston
06.2012 - 08.2015
- Responsible for performance analysis by reviewing and analyzing fund performance against respective peer groups, benchmarks, and like funds.
- Verifies the accuracy of performance and statistical data produced for internal and external users through quantitative analysis of proprietary data. Monitors comparison of results vs. 3rd party generated data.
- Ensures validity of underlying data utilized by performance systems for purposes of calculating total return by monitoring data feeds received from fund accounting systems.
- Prepares standard and ad-hoc performance reports on a daily / weekly / monthly basis that support investment management, product, sales, and shareholder services departments.
- Prepares and distributes monthly and ad hoc performance for inclusion in sales & marketing publications, website, shareholder reports and internal reports.
- Prepares performance reports and exhibits for required regulatory updates including fund prospectus, SAI, and monthly Trustees materials.
- Assumes additional responsibilities, projects and miscellaneous assignments as requested.
- Responsible for performance data residing on the Funds' external website.
Client Service Representative
Columbia Management
09.2009 - 06.2012
- Primary responsibility for servicing of multiple 529 College Savings plans.
- Assist incoming callers with inquiries providing accurate, complete responses in adherence with Compliance guidelines.
- Ongoing identification of process improvement opportunities.
- Instrumental in the identification and resolution of customer service issues.
- Partnered with peers and leadership team on opportunities to drive a positive customer experience.
- Participant in monthly team meetings to discuss product, policy and industry updates.
- Participant in key departmental initiatives for ongoing development of streamlined procedures and reporting.
- Continuous creation and review of associate online resources outlining compliance requirements.
- Development and maintenance of strong working relationships with internal and external vendors, including Program Manager, Back Office Operations, Sales, and Training.
Analyst, Archway Investment Fund
Bryant University
01.2009 - 06.2009
- Company Overview: Not-for-profit investment fund managing a portion of the Bryant University endowment.
- Analyst for Consumer Discretionary and Staples Sector.
- Not-for-profit investment fund managing a portion of the Bryant University endowment.
Service Representative
Putnam Investments
06.2008 - 05.2009
- Respond to inbound calls from shareholders and brokers with industry knowledge related to individual accounts, mutual funds, and markets as well as resolving operational issues.
- Provide clients with product information and administer legal requirements related to account activity requests.
- Responsible for client service issues and resolution within regulatory guidelines.
- Accurate processing of financial & non-financial transaction requests.
Education
Master of Business Administration - MBA - Finance, General
Providence College
Providence, RI01.2013
Bachelor's degree - Finance
Bryant University
Providence, RI01.2009
Skills
- Portfolio management
- Financial analysis
- Risk assessment
- Tax planning
- Estate planning
- Cash flow management
- Retirement planning
- Asset allocation
- Investment advising
- Strategic financial planning
Certification
Certified Financial Planner (CFP)
Chartered SRI Councelor
Timeline
Vice President, Portfolio Manager
Bank of America Private Bank
10.2016 - Current
Portfolio Oversight Associate
U.S. Trust
08.2015 - 10.2016
Performance Analyst
Columbia Management
06.2012 - 08.2015
Client Service Representative
Columbia Management
09.2009 - 06.2012
Analyst, Archway Investment Fund
Bryant University
01.2009 - 06.2009
Service Representative
Putnam Investments
06.2008 - 05.2009
Master of Business Administration - MBA - Finance, General
Providence College
Bachelor's degree - Finance
Bryant University
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